Fri February 15, 2013
Settlement in Toyota Safety Defect Case
BALTIMORE (AP) - Maryland Attorney General Doug Gansler has announced that the state has reached a $29 million settlement with Toyota Motor Corporation, along with 29 other attorneys general.
Gansler announced the settlement on Thursday.
The settlement related to allegations that Toyota concealed safety defects in its vehicles. Those included issues related to unintended acceleration.
Toyota also has agreed to provide additional restitution and incentives to vehicle owners to promote compliance with unintended acceleration safety recalls.
Christopher Reynolds, group vice president and general counsel of Toyota Motor Sales U.S.A., says resolving the inquiry is another step the company is taking to turn the page on legacy issues from Toyota's past recalls in a way that benefits customers.